We were not expecting a great deal ahead of today's Budget, with a lot pre-announced at the recent Party Conference and over the following weeks. Indeed, The Chancellor even made a series of “jokes” relating to a business rate relief for public lavatories concluding “At least this is the only announcement that has not leaked”.
Chancellor Philip Hammond announced the Budget today, There was a big focus on tech and innovation but the biggest cheer of the afternoon was support to tackle the housing crisis.
Ukie sets out four key asks for the Autumn Budget
The Chancellor of the Exchequer, Philip Hammond announced last Autumn that the Government would be moving to a single fiscal event each year, doing away with the familiar twice yearly event. The move was welcomed by business groups and economists for helping to promote more certainty and stability.
The Chancellor delivered his Autumn Statement today, one of the occasions each year where the government makes major spending announcements.
Ukie wrote to the Chancellor earlier this month, setting out seven recommendations, centring around the games sector's access to public funding, skills and talent development, and trade and investment.
Ukie published a letter to the Chancellor of the Exchequer Phillip Hammond, laying out a series of recommendations for the Autumn Statement Budget reforecast, due to be delivered on 23 November this year. There are seven recommended measures in total, which center around the games sector’s access to public funding, skills and talent development, and trade and investment.
Chancellor George Osborne announced the Budget today, setting out the government's tax and spending plans for the next year and beyond.
The Budget introduces a number of general measures which will have the effect of boosting small- and micro- studios and developers. As our Blueprint for Growth noted, some 95% of games companies are SMEs. The most eye-catching proposals are cuts to business rates and stamp duty for lower-value properties, as well as some targeted support for the digital economy.
Responding to the announcements, Ukie CEO Dr Jo Twist said:
What the Spending Review 2015 means for games - reforms to exports, apprenticeships, public funding and broadband
What the Spending Review 2015 means for games - reforms to exports, apprenticeships, public funding, broadband
Chancellor George Osborne published the Comprehensive Spending Review today, setting out the government's spending plans for the next three years. As expected, the Chancellor outlined substantial reductions in public sector spending but alongside those several announcements were made which are important for the games industry:
What the July Budget means for the games industry
Today’s Budget was the first from the Chancellor of a majority Conservative government since 1996, and announcing a significant change in economic strategy with cuts to taxes and welfare and the introduction of a National Living Wage. You can read the full Budget speech and documents here.
8th July Budget: Ukie calls for talent hub in each regional games cluster and support for exports across country
In advance of the post-election Budget on 8th July video games trade body Ukie is calling on the Government to recognise and support major games clusters across the United Kingdom.
Ukie welcomes support for games in the Budget
Today’s Budget saw George Osborne announce the revival of the Prototype Fund, with £4m provided over the next four years, as well as £4m for the Skills Investment Fund.